VAKIFBANK
2015 ANNUAL REPORT
266
CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE IN NOTE I. OF SECTION THREE
TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND
ITS FINANCIAL SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS AT AND
FOR THE YEAR ENDED 31 DECEMBER 2015
(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)
Information on currency risk
Current Period
Euro
US Dollar
Other FC
Total
Assets:
Cash and balances with the Central Bank of Republic of Turkey
2,816,103
12,164,961
4,374,833
19,355,897
Banks
482,497
4,458,573
49,150
4,990,220
Financial assets at fair value through profit or loss
(1)
99,587
107,382
-
206,969
Interbank money market placements
-
-
-
-
Available-for-sale financial assets
1,434,226
3,801,539
-
5,235,765
Loans and receivables
(2)
14,002,966
27,027,727
32,311
41,063,004
Associates, subsidiaries and joint-ventures
3
-
-
3
Held-to-maturity investments
-
130,981
-
130,981
Derivative financial assets held for risk management purpose
-
-
-
-
Tangible assets
926
4,292
-
5,218
Intangible assets
31
-
-
31
Other assets
(3) (4)
856,094
1,512,853
705
2,369,652
Total assets
19,692,433
49,208,308
4,456,999
73,357,740
Liabilities:
Bank deposits
145,724
3,360,282
44,199
3,550,205
Foreign currency deposits
13,225,461
18,416,070
763,473
32,405,004
Interbank money market takings
-
3,403,437
-
3,403,437
Funds borrowed
(5)
8,479,251
10,782,369
1,076
19,262,696
Securities issued
2,190,569
5,186,409
12,110
7,389,088
Miscellaneous payables
550,084
155,175
45,101
750,360
Derivative financial liabilities held for risk management purpose
-
-
-
-
Other liabilities
(1) (4) (6)
81,851
5,941,697
1,035
6,024,583
Total liabilities
24,672,940
47,245,439
866,994
72,785,373
Net ‘on balance sheet’ position
(4,980,507)
1,962,869
3,590,005
572,367
Net ‘off-balance sheet’ position
5,576,216
(670,154)
(3,577,895)
1,328,167
Derivative assets
(7)
7,738,067
12,701,193
2,036,853
22,476,113
Derivative liabilities
(7)
2,161,851
13,371,347
5,614,748
21,147,946
Non-cash loans
(8)
3,015,389
7,731,618
246,531
10,993,538
Prior Period
Euro
US Dollar
Other FC
Total
Total assets
14,276,007
40,285,316
4,446,412
59,007,735
Total liabilities
19,633,096
40,246,828
1,013,061
60,892,985
Net ‘on balance sheet’ position
(5,357,089)
38,488
3,433,351 (1,885,250)
Net ‘off-balance sheet’ position
5,456,748
346,269 (3,430,091)
2,372,926
Derivative assets
(7)
7,545,021
8,766,209
1,377,221
17,688,451
Derivative liabilities
(7)
2,088,273
8,419,940
4,807,312
15,315,525
Non-cash loans
(8)
2,217,630
9,304,139
260,328
11,782,097
(1)
Derivative financial assets amounting to TL (51,275) (31 December 2014: TL 4,896) and liabilities amounting to TL (11,791) (31 December 2014: TL (86,657)) resulting from changes in foreign exchange rates are not included.
(2)
Foreign currency indexed loans amounting to TL 3,555,465 (31 December 2014: TL 2,751,245) presented in TL in the financial statements are included in the above table.
(3)
Foreign currency indexed factoring receivables amounted to TL 67,225 (31 December 2014: TL 65,320) presented in TL column in the accompanying consolidated balance sheet are included.
(4)
Prepaid expenses amounting to TL 66,010 (31 December 2014: TL 60,637) are not included.
(5)
Foreign currency indexed loans is shown as TL in the financial statements are not included.. (31 December 2014: TL 68,860).
(6)
Unearned income amounting to TL 110,576 (31 December 2014: TL 51,232) and deferred tax liabilities amounted to TL 6,210 (31 December 2014: 7,390) are not included. Equities amounting to 565,299 TL (31 December 2014: TL
553,581) are not included.
(7)
Asset purchase commitments amounting to TL 1,835,888 (31 December 2014: TL 1,327,706), asset sales commitments amounting to TL 1,895,065 (31 December 2014: TL 1,312,928) and precious metal swaps amounting to TL
5,597,158 (31 December 2014: TL 4,773,860) are included.
(8)
Non-cash loans are not taken into consideration in the calculation of the net ‘off-balance sheet’ position.
